No sooner had the UK structured products community presented a shiny new trade association to the world than another version of the same thing was announced.
A trade association for the UK is long overdue,...

A total of eight structured products providers have signed up to create the UK Structured Products Association (UK SPA), a formal trade association for the industry. The group counts six major providers...

New regulations implemented by HM Revenue & Customs on offshore funds due to take effect in the UK on December 1 will mirror those for onshore funds more closely.
Interest from offshore funds is currently...

The UK market has experienced highs and lows over the past 12 months. In one respect, it has profited in spite of the Lehman Brothers bankruptcy last September, being the only market worldwide in which...

So there goes another of the UK’s structured products plan managers, which intermediate the creation and distribution of products. This time it’s Arc Capital and Income, which went into administration...

ATP Group, the Copenhagen-based Danish state organisation that runs the pension fund of the same name, has withdrawn its bid for the contract to administer the UK's Personal Accounts project due to uncertainty...

The aftermath of the global financial crisis has forced UK pension schemes to place risk management higher up the agenda, with de-risking becoming a key concern for the coming year, according to pension...

The number of lawsuits affecting US and UK financial firms is expected to rise over the next 12 months, according to law firm Fulbright & Jaworski’s sixth annual Litigation Trends Report. The report...

LONDON - The UK Conservatives plan to scrap the Serious Fraud Office (SFO) to create a new financial crime regulator. The new City crime watchdog would be called the Financial Crime Agency (FCA) should...

LONDON - Lloyds Banking Group is reportedly under investigation by UK authorities over allegations it has helped customers evade taxes. The allegations against the bank, which merged with HBOS last year,...

The Joint Money Laundering Steering Group (JMLSG) has issued a consultation paper as a result of its review of anti-money laundering (AML) and counter-terrorist financing (CTF) standards in the UK. ...

The UK Financial Services Authority has enough information about the issues relating to Lehman Brothers-backed structured products to "move on", according to a release which quotes Dan Waters, retai...

The secondary trading of structured products in the UK is limited by low liquidity, which is partly due to bid-offer spreads that are wide enough to deter investors. While most providers of retail s...

NDFA has launched its latest defined income plan, offering exposure to the FTSE-100 index. The non-principal protected plan pays 0.6% every month, 7.25% a year, for its five-year term. It has a 50% soft...

LONDON - It was a mixed bag for the partly state-owned British banks announcing their pre-tax results for the first half of 2009.
Newcastle-based Northern Rock, which was fully nationalised by the UK...

A quant at Citi has revived debate about the changing nature of the profession (www.risk.net/2417747). The scope is narrower, he claims; the job has been dumbed down, and today's quants are little more than programmers. Is he right?